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Considers a number of analytical theoretical frameworks used in retailing to assess space, benchmark performance and determine property market value. Compares the nature of the hospitality product to retailing and applies some of these frameworks to the hotel context. Assesses various ways of determining hotel valuations that take account of performance, market conditions and local factors. Concludes that the range and sophistication of retailing techniques may be appropriate to hotels in the determination of realistic market valuations.

The purpose of this paper is to deal with two major issues: what alternatives does a manufacturing company have when current office space use is not sufficient, or it exceeds its needs, following changes and business transformation; and second, what principal factors (in particular Facilities and Corporate Real Estate Management factors) must be taken into account in the decision‐making process about possible relocation? The corporate real estate of manufacturing firms in the Western countries is very much similar to that of the service sector. When compared to property devoted to service activities only, the inertia of manufacturing companies is apparent only, because a large part of the premises are in fact offices that, to various extent, are connected to warehouses, laboratories, factories and manufacturing units that cannot be relocated. For this reason it is necessary to devise intermediate alternatives between staying on the current location or total relocation.

This paper is based on literature studies of company locations in a European and global context, with two independent surveys from two different geographical areas: northern Italy and Sweden. Despite the different aspects considered in the surveys, common conclusions can be made for a general understanding of how facilities management factors influence location.

The model described in this paper organizes location alternatives when space changes are required, especially by European manufacturing companies.

The model is a tool for decision makers when analysing and structuring their location needs.

The paper is a pioneering work of classification of intermediate alternatives of partial relocation.

The market is not the only spontaneous order. Hayek himself drew attention to language and English common law as other examples, noting that they had first been identified as such by Scottish Enlightenment philosophers such as Adam Smith and Adam Ferguson. Hence, such orders “are made with equal blindness to the future; and nations stumble upon establishments, which are indeed the results of human action, but not the execution of any human design” (Ferguson, 1782, sec. II). In the 20th century, Michael Polanyi used the term spontaneous order for the polycentric feedback system that explains the growth of scientific knowledge (Polanyi, 1962).

Typically, studies of the occupiers' choice of office property have focused on the influence of location. Following the standard behavioural assumptions of neo‐classical economics, the firm is assumed to make the rational profit‐maximising decision on the basis of full information. All firms are implicitly assumed to be homogeneous. This general approach eliminates much of the complexity from the decision‐making process. This paper uses evidence from a survey of over 100 office occupiers in Edinburgh to examine the influence of a broader range of factors on individual firms' choice of office. Using logistic regression techniques on the survey data, the empirical analysis shows that by taking account of heterogeneity of firms, it is possible to identify the type of property occupied. Firms' decisions are closely related to their size, business type and whether the market they serve is local, regional or national.

The purpose of this paper is to create a model of FM and location variables in the dimensions of location and recessions.

The approach is based on statistical analysis and quantitative methodology.

Significant differences and correlations argue for four settings with different features, first, in the dimension of single or multiple site locations, and second, the dimension in low and high growth of GDP, here termed “recession” and “boom”, respectively.

This paper is a relevant study for growth firms in multiple facilities management perspectives.

A better knowledge and decision basis related to relocation and behaviour of FM during fluctuations of GDP is expected.

The paper presents a survey of FM‐related data that covers an entire nation and all major business sectors, collected concerning two successive periods, and analysed.

This paper is an attempt to bridge the gap between, on the one hand, the mobility behaviour of households and their perception of accessibility to urban amenities and, on the other hand, house price dynamics as captured through hedonic modelling.

In order to analyse the mobility behaviour of individuals and households, their sensitivity to travel time from home to service places is estimated so as to assess their perceived accessibility, using “subjective” indices based on actual trips, as reported in the 2001 origin‐destination survey designed for Quebec City. For comparative purposes, both objective and subjective accessibility indices based, in the former case on observed travel times and, in the latter case on fuzzy logic criteria, are computed and used as a complement to a centrality index in a hedonic model of house prices.

Findings indicate that there are statistically significant differences in the way accessibility is structured depending on trip purposes and household profiles. They also suggest that, while an objective measure of accessibility yields good results, resorting to subjective, and more comprehensive, accessibility indices derived from fuzzy logic provides greater insight into the understanding of commuting patterns and travel behaviour of people.

Better understanding the complexity of individuals’ and households’ mobility behaviour should result in more adequate initiatives and decisions being taken by transportation and city planning authorities.

Accessibility to jobs and services has long been known as a major determinant of urban, residential and non residential, rents. Yet, it is more often than not assumed to derive from a rather straightforward process, which this paper shows is not the case.

This paper aims to analyze the effect of floor level on condominium prices in San Diego, California. The authors determine whether “higher‐floor premiums” exist in the condominium market for a large California city. Further, they investigate how the floor premium varies throughout a building, particularly whether it is quadratic and whether there is a “penthouse premium” for top‐floor units.

The paper utilizes a data set of 2,395 condominium sales occurring in San Diego between 2006 and the second quarter of 2011. Using hedonic pricing analysis, the authors model the housing price as a function of condominium, building and neighborhood characteristics.

The results suggest that there is a higher‐floor premium for condominiums in San Diego. Specifically, an increase in the floor level is associated with about a 2.2 percent increase in sale price. The higher‐floor premium appears to be quadratic in price, suggesting that price increases at a decreasing rate above the mean floor level. The authors also find evidence for a penthouse premium, though this effect disappears once “floor” is controlled for in the model.

There has been little direct research on the floor effect in condominium prices. The studies that have used floor level as an explanatory variable have been predominately in Southeast Asia. The results suggest that the floor effect is more complex than previously modeled.